1610 W 218TH ST Torrance, CA 90501

DEVELOPMENT OPPORTUNITY - 1610 W 218th St, Torrance is a unique opportunity to own a 4-unit residential income property that presents a development opportunity with its 18,003 square foot lot. Zoned R3 and with a 100' frontage by 180' depth, the parcel allows for 22 buildable units by right. Located in a designated Opportunity Zone, a new owner can take advantage of deferring capital gains and a step up in basis through improving the property. The property also benefits by residing within a transit priority area. The property is just a block from Western Ave and W Carson Ave in Torrance. Residents benefit from the transportation options available to them. The Harbor Freeway (110), San Diego Freeway (405), Long Beach Freeway (710), and Artesia Freeway (91) link the area to the rest of Southern California and beyond. Proximity to Harbor-UCLA Medical Center, Honda Headquarters, Long Beach Port, LAX, and many other large employers. PLEASE DO NOT WALK THE PROPERTY OR SPEAK WITH TENANTS, THEY ARE UNAWARE OF THE SALE.